Bank of America Boosts J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target to $206.00

J.B. Hunt Transport Services (NASDAQ:JBHT) had its target price raised by research analysts at Bank of America from $195.00 to $206.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the transportation company’s stock. Bank of America‘s target price suggests a potential upside of 10.64% from the stock’s current price.

JBHT has been the topic of several other research reports. Benchmark reaffirmed a “buy” rating and issued a $195.00 price target on shares of J.B. Hunt Transport Services in a report on Friday, January 10th. Stephens reaffirmed an “overweight” rating and set a $195.00 target price on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 16th. BMO Capital Markets reiterated an “outperform” rating and issued a $195.00 price target on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 16th. Raymond James upped their price objective on shares of J.B. Hunt Transport Services from $195.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday, January 10th. Finally, Evercore ISI raised their target price on shares of J.B. Hunt Transport Services from $183.00 to $185.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $192.33.

J.B. Hunt Transport Services Price Performance

NASDAQ:JBHT traded down $0.36 during midday trading on Thursday, hitting $186.19. 361,730 shares of the stock were exchanged, compared to its average volume of 682,448. The company has a market capitalization of $18.77 billion, a price-to-earnings ratio of 33.86, a P/E/G ratio of 2.94 and a beta of 1.16. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.26. J.B. Hunt Transport Services has a one year low of $153.12 and a one year high of $219.51. The business has a 50-day moving average price of $180.51 and a two-hundred day moving average price of $173.67.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its earnings results on Tuesday, October 15th. The transportation company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.07. J.B. Hunt Transport Services had a return on equity of 13.92% and a net margin of 4.65%. The business had revenue of $3.07 billion during the quarter, compared to analysts’ expectations of $3.04 billion. During the same quarter last year, the business posted $1.80 earnings per share. Sell-side analysts predict that J.B. Hunt Transport Services will post 5.67 EPS for the current year.

Insider Transactions at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, CEO Shelley Simpson sold 6,000 shares of the business’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $183.47, for a total value of $1,100,820.00. Following the completion of the sale, the chief executive officer now owns 82,264 shares of the company’s stock, valued at $15,092,976.08. The trade was a 6.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Spencer Frazier sold 2,200 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $194.21, for a total value of $427,262.00. Following the sale, the executive vice president now owns 4,050 shares of the company’s stock, valued at approximately $786,550.50. This trade represents a 35.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,459 shares of company stock valued at $2,136,277 in the last three months. Corporate insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On J.B. Hunt Transport Services

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Catalyst Capital Advisors LLC bought a new position in shares of J.B. Hunt Transport Services in the third quarter valued at approximately $26,000. True Wealth Design LLC raised its holdings in J.B. Hunt Transport Services by 2,028.6% in the 3rd quarter. True Wealth Design LLC now owns 149 shares of the transportation company’s stock worth $26,000 after acquiring an additional 142 shares during the period. Cromwell Holdings LLC lifted its position in J.B. Hunt Transport Services by 47.2% during the 3rd quarter. Cromwell Holdings LLC now owns 237 shares of the transportation company’s stock worth $41,000 after acquiring an additional 76 shares during the last quarter. Versant Capital Management Inc lifted its position in J.B. Hunt Transport Services by 102.2% during the 4th quarter. Versant Capital Management Inc now owns 281 shares of the transportation company’s stock worth $48,000 after acquiring an additional 142 shares during the last quarter. Finally, Huntington National Bank boosted its holdings in J.B. Hunt Transport Services by 21.8% during the third quarter. Huntington National Bank now owns 341 shares of the transportation company’s stock valued at $59,000 after acquiring an additional 61 shares during the period. 74.95% of the stock is currently owned by institutional investors and hedge funds.

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in the United States. It operates through five segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS), and Truckload (JBT). The JBI segment offers intermodal freight solutions.